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Saudi plan for boxing league revolution revealed

Saudi Arabia's Public Investment Fund are in discussions with multiple boxing stakeholders to create a league, potentially reshaping the competitive landscape of the sport.

PIF is looking to invest in a joint venture with some of the sport's stakeholders that would feature more boxing bouts, according to sources speaking to the Reuters news agency on condition of anonymity.

A handful of leading promoters, including Matchroom Boxing and Golden Boy Promotions, are involved in the discussions that could result in a deal valuing the new entity at around A$7 billion, one source said.

PIF, who have already split golf by launching their own lucrative tour, want to create a venture that would bring the main sport's organisers together, in which it would take a minority stake, according to reports.

Turki al-Sheikh, a close advisor to Crown Prince Mohammed Bin Salman who has been heavily involved in the sports sector and is chairman of the Saudi General Entertainment Authority, was overseeing the final discussions around a potential deal about a month ago, a source told Reuters.

There were no further details around how a league would be structured. PIF and Matchroom Boxing declined to comment and Golden Boy Promotions did not respond to requests for comment.